MONTREAL, QUEBEC–(Marketwire – Jan. 16, 2012) –
NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWSWIRE SERVICES
SIRIOS RESOURCES INC. (“Sirios“) (TSX VENTURE:SOI) announces that its board of directors has authorized today the distribution of 6,086,338 common shares of Khalkos Exploration Inc. (“Khalkos“) currently held by Sirios to the shareholders of Sirios registered as of January 25, 2012. The common shares of Sirios will trade on an ex-dividend basis as of January 23, 2012.
Such distribution, which was approved by the shareholders of Sirios at their annual and special meeting of December 1, 2011, is made in the context of the completion by Khalkos on December 29, 2011 of its initial public offering for a total amount of $1,547,502. It is currently anticipated that the shares of Khalkos will begin to trade on the TSX Venture Exchange on January 23, 2012, under the symbol “KAS”.
Each shareholder of Sirios will receive 1 common share of Khalkos for each tranche of 20 common shares of Sirios held. Shares of Khalkos will be issued in whole numbers only, rounded down. The distribution will be made by Computershare Investor Services Inc. on January 27, 2012.
Following the distribution, Sirios will hold 5,393,931 common shares of Khalkos, being 29.88% of the issued and outstanding shares.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
For more information:
Dominique Doucet, CEO